3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
What private mortgages actually cost in Ontario right now. Rate ranges by product and lender tier, the fees that come with them, and what moves your number up or down, maintained by a licensed brokerage.
5.0 on GoogleFSRA Licensed Brokerage #13763Serving all of OntarioTakes about 30 seconds · Free · No obligation
Up to 75% Combined LTV
9.99% per year
Up to 75% LTV
6.99% per year
Draw as You Need It
8.99% per year
Rates shown are illustrative starting points, not a quote. Your actual rate depends on credit profile, loan to value, income type and property.
Tell us about your Ontario property, your situation, and your funding need. We assess equity, LTV, and lender-fit in minutes.
Your broker structures the mortgage, rate, term, LTV, fees, and exit strategy, matches it to the right lender, and reviews the commitment letter with you before you sign anything.
We coordinate with the lender's lawyer and appraiser. All documentation managed by your broker.
Final approval and funding in 24 to 48 hours once your appraisal and documentation are in place, following your accepted commitment.
From day one, we track your path to better terms and reach out the moment you qualify to move to a lower-cost lender, so your exit happens on schedule instead of by accident.
Ready to see what your file qualifies for?
Start the comparison, or ask a question first.
We compare individual investors, MICs, and private funds across Ontario. More competition means better rates and terms for your deal.
Ontario private lenders weigh your property value, location, and LTV well above your T4 or NOA. Self-employed, CRA arrears, previous bankruptcy: we work to match you with a lender suited to your file.
Private lenders move fast. We've funded deals in as few as 3 business days across the GTA and Ontario.
Whether you need a first charge or a second mortgage behind an existing bank loan, we structure the deal to maximize your equity access.
Every private mortgage includes a clear exit plan from day one. Depending on your situation, that often means a B-lender within about 12 months, with A-lender qualification following as your credit and documentation improve.
We handle bridge loans between properties, construction draw mortgages, and debt consolidation to clear CRA liens, judgments, and consumer proposals.
Toronto condos, GTA homes, rural Ontario acreage, mixed-use, and problem properties. If it's in Ontario and has equity, we can usually find a lender interested in it.
Lender fee (1 to 4%), broker fee (1 to 2%), Ontario legal fees, and appraisal costs, all itemized in writing before you commit.
A licensed broker reviews your deal, structures the right terms, and manages lender communication from inquiry through funding.
Bad credit, self-employment, urgent deadlines, and properties banks won't touch.
5.0 on Google
Verified reviews
1 to 2 days
typical funding
50+
private lenders compared
FSRA #13763
Licensed brokerage
Two borrowers can walk into the same lender on the same day and be quoted very differently. These are the inputs that decide which of you gets which number.
A first mortgage carries less risk for the lender, since it gets paid out first if the property sells. Second mortgages and bridge loans price higher to reflect that added risk.
How much you're borrowing against the property's appraised value. Lower LTV means less risk for the lender, and it's the single biggest factor in your rate..
Urban, marketable properties in the GTA and other high-demand areas price better than rural or hard-to-sell property types, since the lender's real security is being able to resell if needed.
A clear, credible plan to refinance out, whether that's rebuilding credit for a B-lender or documenting income for an A-lender, gives the lender confidence and can improve your terms.
A rush closing under 5 business days can carry a premium over a standard timeline, since the lender and legal team are compressing normal due diligence.
Income and credit matter less here, but a clean, complete file and a well-maintained property still move pricing versus a deal with gaps a lender has to price around.
Not sure which tier your file lands in?
That's the first thing we check, before any number is quoted.
We shop private lenders and personally review every file to find the most competitive terms for your exact deal.
Funding timelines depend on the lender, the appraisal and your legal documentation. Your broker confirms a realistic timeline for your file before you proceed.
Every lender fee, broker fee, and cost is itemized in writing before you proceed.
Every deal includes a written exit plan with target timeline and qualifying milestones, and we proactively assess your refinance options as your term approaches its end.
Regulated by the Financial Services Regulatory Authority of Ontario.
Every lender fee, service fee, and ancillary cost is disclosed in writing before you commit.
Get your private mortgage assessment with zero pressure.
Your personal and property information is encrypted and handled with strict confidentiality. Standard analytics and ad tracking may apply; see our privacy policy.
Rate shown with its conditions the term, the qualifying requirements and the lender attached to it, not the number on its own.
Exit timing calculated, not assumed. Before you refinance out, we run your prepayment penalty and new-lender costs against what you'd actually save by exiting early.
Told when staying put wins. If waiting out your current term costs less than breaking it early, that's what we'll tell you.
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 5 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 6 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 7 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 7 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
Answers to common questions about Private Mortgage, from lendsimpl: Ontario's FSRA-licensed mortgage brokerage (#13763).
Have a question we didn't answer?
Our licensed broker team is happy to help.
It makes sense when banks deny you, you need to close fast (3 to 10 days), or your property doesn't fit conventional criteria.
Private mortgage rates in Ontario price by tier, first mortgages price lowest, second mortgages and bridge loans price higher, based on loan-to-value, property type and deal complexity. Rather than one posted number, we compare current pricing across our private lender network for your specific file.
A closing within 24 to 48 hours is possible once your appraisal, legal counsel, and documents are already in place, since appraisal scheduling is usually what takes the longest. If the appraisal still needs to be arranged, standard files typically fund within 3 to 10 business days from there.
Typical fees: lender fee, broker fee, appraisal, and legal fees. All fees are disclosed in writing before you commit.
Yes. Private lenders focus primarily on property equity and LTV rather than credit score or income. Consumer proposals, bankruptcy, CRA arrears, and judgment liens are commonly workable, depending on the specifics of your file.
Most residential and some commercial properties: single-family homes, condos, townhouses, duplexes, triplexes, rural properties, and mixed-use.
Private lenders typically lend up to 75 to 85% of appraised value on a first mortgage. Combined LTV capped at 75 to 80% for second mortgages. Minimum usually $50,000.
Most private mortgages are 6 to 12 months, with 12-month terms being most common.
The plan to refinance out of the private mortgage into lower-cost institutional financing. A typical path for credit-related files: alternative lender around 12 months, A-lender following as credit rebuilds, timeline depends on your starting point and how the debt was resolved.
Yes, you should always have independent legal representation. We can provide referrals to experienced real estate lawyers.
Property details, current mortgage statement if applicable, 2 pieces of government ID, explanation of funding purpose, and property appraisal (we arrange this).
Many include a 3-month interest prepayment penalty. Some lenders offer open or semi-open terms. We negotiate for the most flexible terms available and disclose all conditions upfront.
Still have questions?
Straight answers, no pressure.
lendsimpl arranges private mortgages for borrowers across Ontario, from the Greater Toronto Area (Toronto, Mississauga, Brampton, Markham, Vaughan) to Hamilton, Ottawa, London, Kingston, Barrie, and beyond. Whether you're in Kitchener-Waterloo, Windsor, Niagara Falls, Guelph, or further north in Sudbury, Thunder Bay, or Sault Ste. Marie, our network of private lenders can fund your deal. Bad credit, self-employed, bridge loans, and CRA arrears accepted across the province.
Legal
Rates & Approvals
All mortgage approvals are subject to property appraisal, lender conditions, and legal review. Rates shown are for illustrative purposes only, are subject to change without notice, and may vary depending on property type, loan-to-value (LTV), and application strength. Not all applicants will qualify for advertised rates.
Funding Timelines
Funding timelines (24 to 48 hours) reflect ideal conditions and depend on receipt of all required documents, appraisal, and legal arrangements.
Private Mortgage Risk
Equity-based (private) mortgages are short-term financing solutions and may include higher interest rates and fees compared to traditional bank products. Borrowers are responsible for understanding repayment terms and associated risks. Missed payments may result in default or enforcement actions, including foreclosure.
FSRA Licensed Brokerage
lendsimpl is a licensed mortgage brokerage (FSRA #13763), operating under the Mortgage Architects network. All lending is subject to applicable provincial regulations and industry guidelines.
This page is for informational purposes only and does not constitute a mortgage offer or legal advice.
Ontario homeowners: your property's equity is what qualifies you. Bad credit, consumer proposal, CRA arrears, self-employed, none of these rule out a private mortgage on their own. Our FSRA-licensed brokers work with Ontario private lenders and give every file direct expert attention.
Every fee that applies to your file is disclosed in writing before you proceed.
No forms, no waiting on a callback, pick a slot for a 15-minute call with a licensed broker directly below.
Hello: I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.